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business of the port's maritime sector. if you take a look at it. we average, we carry on average 3.2 million ferry passengers annually these are commuter passengers moving between home and work expense and is we transport over 3 million excursion passengers annual low people looking at sites alcatraz and golden gate bridge. and then we see international cruise ships that alleged violentors to and from the port and crews members aboard those ships speak to our ferry services, you're, our ferry services operate chiefly out of the downtown ferry terminal behind the ferry building. they also operate out of peer 39, and 41 in the north. the gate b number downtown ferry terminal is for the north bound lanes such as value lay hough and gate e is for ala immediate a eoakland and island services blue and gold fleet does the operation and is the maintenance of all of these vessels and they will be describing that activity to you in a moment here . >> in addition, to that, we also have the ferry landing at china basin and on average that is home game ain ten dance is dwayned to and from
through the port of baltimore. that could stop if an agreement can't be reached with the long shore men. don harrison explain what the labor dispute means for us. >> reporter: the port is one the main economic generators in the state of maryland. we have it over 14,000 jobs at this port. 1500 of those are ila labor jobs. those union long shore men could walk off the job sunday morn figure a new contract isn't settled. unions say it'll shut down the two largest terminals at the port where cars, farm equipment and cargo containers delivered. the port administration hopes a work stop age can be avoided. >> we are again hopeful that there will be an agreement before the deadline. we are going forward with our plans to accommodate if that agreement isn't met. >> reporter: the port administration is working on a back up plan. part of it would open two terminals only open during the week to business on the weekends. >> we want to make sure we can get as much cargo moving as possible leading up to the work stop age. . >> reporter: as issue are the usual wages and health care but one major sti
with the port of oakland, a $7 billion a year operation. we uncovered that top port officials tried to claim that the spending of hundreds of dollars of public money was legitimate expense. in one case the spending happened at a private room karaoke bar that some people suggest that front for prostitution. eric rasmussen leads the investigation. >> reporter: for several nights we recorded a parade of scantily clad women, many dropped off all at once from a mine vivan going into this downstairs bar in mid town oakland. it's a familiar scene neighbors say they have been concerned about for years. >> the first thing that i thought there is just too many of them to be waitresses in this place. >> reporter: cafe juliet, a business that bills itself as a private room karaoke bar is also where the port of oakland's international marketing manager spend $5 auto,000 of the receipt shows his credit card was charged at 1:44 in the morning and he wrote it was a business meeting with four members of china merchants a large port operator in china who were in town for a trade symposium. >> it was what is
that have affected change here in the bay area and n-impact your daily life and we begin with the port of oakland, a '7 billion a year operation and wen uncovered top port officials tried to claim that the spending of hundreds of dollars of public money was legitimate expense. in one case the spending happened at a private room karaoke bar that some people suggest is a front for prostitution. eric rasmussen leads the investigation. >> reporter: for several nights we recorded a parade of scantily clad women, many dropped off all at once in midtown oakland. it's a familiar scene that neighbors say they have been concerned about for years. >> the first thing i thought there was just too many of them to be waitresses in this place. >> reporter: cafe joliet is where the port of oakland's manager like, dunnigan show his credit card was charged at 1:44 a.m. on his experience report dunnigan wrote, "it was a business meeting with china merchant, a large port operator who was in town for a national symposium. a regular told us, you can get girls here." in an online rough for the same location
enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the highest level since july. one bright spot though was on the housing fnt. the monthly case-shiller report found october home prices rose 4.3% mpared with a year earlier. the data giving a late sign of recov
shawan mmp 3 a major striie at 15 major east coast ports.. including the poottoffbaltimore could would affect billions of dollars of cargo along the coast.the contract between he inteenational longshoremen association and the u-s maritime alliince... whichh and port operators... is et to expire one minute ast midnight ec 30th.tteeissuee? reduce "contaaner royalties." if a deal isn't reachee... a strike could stoo all container traffic aa the port. (7708) the port of baltimore is ne of maryland's largess eceonice gernerators so any type of ork action hat may stoppage of work would have an effect.morr ttan 100 organizations have urged ppesident obama to order an 88 ddy cooling off period but right now there is no administration will move in thattdirection.losing the ports to a shutdown.. even ffr a few ays.. could cost the economy billions of dollars. 3 a high-stakes meeting will be held in washington today.... betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fisc
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
if the deal is not reached this week, but potential strike, law shoreman threatening to walk off the ports in the east on gulf coast. this could disrupt billions of dollars in shipments. joining us now ed butowsky, a hell of a way to start a week with the threat after strike. to put it in context, when l.a. had a dock workers strike ten years ago, it cost a billion dollars a day. this is going to affect ports in newark, houston, miami, this could be several billion dollar hits every day to our economy? >> yeah, and i tell you, when you look at it, it's really similar. there are some parallels to the fiscal cliff discussion. because the arguments are about are the royalty payments that the dock workers get for bringing merchandise on board and unloading the cargo and what the similarity is really that we're not-- they're not talking about more business, they're talking about how do we split up the same pie and same thing with the fiscal cliff, we're not talking growing the economy, how do you split up the economy getting the tax revenue and the same thing with the longshoreman strike. which
such a deadly weapon? what's the gunman began in 1996 port arthur massacre was from new town, australia and. within days, australia, a country of hunters, passed the strictest gun control legislation in its history. there have been no mass killings since. the academy award winning filmmaker michael moore, the director of "bowling for columbine," response to the sandy hook massacre. >> there are crazy people and there are shootings and killings in norway and france and germany, but there hasn't been 61 mass killings like there have been in this country to a sense columbine. >> and the nra facebook page has gone dark. we will speak with lisa graves about big guns and big money. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. residents of newtown, connecticut, have begun holding the first of many kernels for the 27 victims killed in friday's shooting rampage at sandy hook elementary school. on monday, noah pozner and jack pinto, 06 years old, were laid to rest in small caskets. more funerals are slated today including two m
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
daily life. we begin where the port of oakland a $7 billion operation. in one case, the spending happened at a private room karaoke bar that some people suggest its a front for prostitution. >> reporter: for several nightings we recorded a parade of women many dropped off going into this downstairs bar on 14th street in midtown oakland. it's a familiar scene neighbors say they've been concerned about for years. >> the first thing i thought, there's just too many of them to be waitresses in this place. >> reporter: the business build itself as a private room karaoke bar. is where port of oakland spent $550 last career. the receipt shows his credit card was charged 1:44 in the morning. >> they were like what's going on down there. is this like some kind of weird prostitution thing going on? >> reporter: when we visited bart, -- bar, a regular there told us you can get girls here. in an online review, a customer said he was shown 6 women and asked which one do you want. can you tell us what business you run here? we found the bar manager out front. what about all the girls come
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
of the strike shutting down the biggest ports in the country. think it doesn't affect you? all the holiday presents you ordered could be stuck out at sea, oh, no!. we'll explain it coming up. >>> egyptian president morsi forced to plea his palace after tens of thousands of protesters battle police outside. morsi's days could be numbed per. we'll talk about the impact here at home. even when they say it's not it is always about money melissa: look at the day's market headlines, wait and see is the name of the game on wall street. they watched the latest sparring over the fiscal cliff. stocks weighed between positive and negative territory. shares of netflix soaring more than 14% you wow! the company announced exclusive dib shun deal with disney. they will get first run streaming rights for disney films beginning in 2016. gold prices losing their shine. the commodity tumbled below $1700 a ounce hitting a one-month low. >> to our top story, no bias or bull. "money" will lay it out for you. all the talk about we can't fall off the fiscal cliff, we say why not? it may not be the worse option? m
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
a strike of the two biggest ports in the u.s. directly affecting you and your wallet this holiday season. you want to hear this. >>> violent protests portedly lead to the egyptian president fleein his palace. what it could mean here if his rul crumbles before your eyes. what it could mean comin up. ♪ . you stl think you're colder than me? nah. don tell me. tell tiny! [ ice craling ] [ knuckles craing ] and who are you supposed tbe, back-up? handle it. what you looking at? ! cat-like reflexes... whoa! [ ma announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the colde. don't you do it. don't you do it! [ male announcer ] frost brewed coors light. the world's most refreshing er! ♪ . melissa: well u might not think the huge strike the two biggest prts in the countrydirectly impacts you but think about this if you ordered anhing laly, and we all have, christmas or hanukkah gifts you may not get them in me. more than den ships loaded incargo are sitting doc in california and have been for the past week. both sides reportedly agreed federal mediation in
bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha
port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they did was they basically took an operation that had been effectively lagging under greek ownership and completely turned it around. > > have the the greek people been welcoming of this? the chinese work way is much different from the european way, let's say. > > the chinese have an extremely efficient working practice. as one spokesman there put it to me, they basically run their business by showing that they work 24/7, that has actually rung alarm bells, though, among a number of greek workers, particularly unionized workers, reporting that they believe that this chinese company is basically bringing chinese third-world labor standards to greece and really to europe. > > i'm curious about that. how does that work with wages for instance? > > the company, cosco, took pains to try to integrate itself here in greece, to show that they were not an invader and to try to persuade greeks that they were not coming in here to basically sort of lower working standards in
bullish going forward. back to you. melissa: thank you. a strikeout the nations busiest port complex. costing the nation a billion dollars a day. the port of long beach director joins us just ahead. lori: let's see how the dollar is trading. it is a weaker dollar with big euro pushing up to 130. the dollar weaker, really, across the board. we will be back with more after this. ♪ twins. i didn't see them coming. i hai need to rethink the oblco of my portfolio.atio. what i reallneed is sleep. introducing the ishares core, buildi blocks for the hearof your portfoli find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. he's going to apply testosterone to his underarm. axiron, e only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is nofor use in women or anyone younger than 18. axiron can transfet
billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.
for the third straight month to reach the highest level in two-and-a-half years. major port strike has been averted for now after mediators got the long shoreman's union to postpone it for month to work out time detail osafter new contract. correspondent phil keeting is following that story from miami. >> at least one end of the year cliff has been averted for now. container cliff. there will be no east and gulf coast port strike happening this weekend. but both sides still have much to work out. if they don't, five weeks from now will be right back to a sweeping strike with great consequences. >> a strike in long beach in los angeles a few weeks ago. that was close. if you cost that area, $1 billion a day. >> sticking point has been the container royalties. salary supplements for long shoremen. heavier the container, the more they get paid. the owners want to cap the royalties at last year's levels to 15,000 long shoreman did not. this from the federal mediator in washington. "the container royalty payment issue has been agreed upon in principle by the parties subject to achieving an overa
. >>> problem averted? dock workers that were threatening to strike and shut down ports tomorrow come to a temporary deal but could the country be facing the same problem in 30 days? we'll talk about that. >>> plus, severe weather could be on the way to the east coast as parts of the country continue to recover from storms that crippled communities already. who may be affected this weekend? >>> plus -- >> from father to father, president, i just ask that as a father just to consider what's happening to the families that are in process. >> couples hoping, praying to adopt russian orphans and pleading with russian president vladimir putin after he signs a law banning americans from adopting russians. one advocate said they're small change in a game between two states. >>> as always, join our conversation on twitter. you can find us. >>> another winter storm is moving in to parts of the country right now. 65% of this nation blanketed from snow from the last one. look at that map. a whole lot of snow in a lot of places. that massive system is gone but not after a foot of snow in new engla
. >> today is day five of a strike that's shut down seven of eight terminals at the port of los angeles and three at the port of long beach. long shore men walked off the job to support a clerical worker strike and that's caused nine ships to be diverted to other ports including oakland. 40% of the imports pass through the ports in los angeles and long beach. >>> at the port of oakland a possible freement has been reached there. members of is the diu local 1021 are set to vote next week. this a week after a worker strike and more than a year after members voted down the last contract. the union is made up of support staff. >> a state board has released a plan to restore the delta to provide a more reliable water supply. the council issued the final draft of its plan yesterday. it includes recommendations like reducing water suppliers dependance on the delta and expanding habitats. the delta currently provides drinking water to two thirds of the state and provides irrigation to five million acres of crops movement japan is handing over five million dollars to the united states to help p
of the reasons they have been so locked up with they are thinking they want to keep their port. the russians are not the only one involved. lots of people sending weapons into syria. you have a war going on with the wrong, on the other side, you have weapons coming from saudi arabia and qatar in turkey and that is what is supplying the rebels in the civil war that is continuing to rage on. both of those don't really have a lot to gain. they have a lot to lose. their side loses, they will lose a lot. as long as the syrians are willing to keep killing each other in this process, so far the syrian civil war has now claimed 44,000 lives. many people believe there really no matter how this breaks down over the next couple of months, even if bashar al-assad does leave his power, this war could still rage on for a very long time to come. the 44,000 number could just be the beginning. a lot of people are saying that we could double that number if the violence continues over the next year. as it continues to creep closer and closer to the major cities inside syria, like what we are seeing right now.
-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the dead
to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the impact would be great. obviously on the dollar value side. on the cargo handling side but also on the job side because again these sports are major economic generators. >> richard of the maryland port administrator and others say the economic damage from a strike would reach well beyond the docks. >> your mom and pop retailer to your farmer to the trucking company that has to pick up the container atmosphere the port. so not just at the port but nationwide for everybody else that relays on the ports to move their commerce. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the economy. neither the longshoreman's union or alliance representing the shipping companies could give us anyone
in confederate ports. the union had chanced the bombardment of the city of vicksburg, and new orleans had fallen. the tennessee, cumberland, and mississippi rivers seem to belong the north, not the south. and it must have seemed for a time in 1862 that this combination of events, particularly the naval successes for the union, were about to end the war between the states. and then the trend line changed. the father of water that lincoln boasted now flowed unvexed to the sea, became vexed all over again. so jim, let's start with you. what happened and why? >> well, the union navy was on a roll in the fall and winter of '61 and '62 and the spring of 1862. and it looked like they were going to open up the mississippi river completely in the summer of 1862. vicksburg was really the only confederate bastion still on the mississippi river, and both the sea-going fleet under, now-admiral david farrogot came up from the gulf of mexico to vicksburg and the so-called we were flotilla of river boats fought down the mississippi, capturing memphis on the way and a number of other places as well, and they com
on all of the ports on the east coast of america? >> it would have been fairly significant if we would had a shutdown on all of the ports from the east to texas and it would affect importing, exporting, manufacturers who rely on inputs to production, farmers who are trying to get their products to market overseas, trucking companies who sold jobs to pick up containers at the ports this would have been felt fairly wide throughout the u.s. economy. >> can you put a number on it? can we look at previous shutdowns of ports and what they cost the u.s. economy on a per-dayis bahhis, for example? >> sure thing. when we look back at what happened in 2002 we had a full shutdown on the west coast with a ten-day lockout. that lockout cost the u.s. economy about $1 billion a day and it took more than six months to fully recover from. >> i have to think that a lot of retailers have already tried to make alternate plans because they were fearful this was going happen and so as a result have started to spend money. did some companies start airfreighting stuff instead which would be much more expensiv
into with your ships, not any more. so a hydrographic survey, certain port was absolutely mandatory when you have this event. i said to the australian staff, because of that we are closer neighbors right now. here you can see an example that was before the earthquake, the distance of the low tide. and now it's absolutely far away. so some marine small sea life in there absolutely disappeared. that's another effect you can see a lighthouse in there before tsunami and where is the lighthouse in the middle of the island down there after the tsunami. so the bottom is absolutely came up. another example. another effect of -- global effect. because of the change of the mass of the earth, because it moves so it change slightly the configuration, it has an effect in the axis rotation of the globe. it moved 8 centimeters north pole to the east and that means rotation increased 1.26 millions of seconds so you work less because of chili right now, but it's an impact you have to take into account that happened because of that earthquake. here i can show you a set of photographs of the destruction in
in ocean port for 10 years. when word of the storm came, she evacuate it with as many possessions as she could. it is still not clear if her home will be torn down or rebuilt and put on higher stilts, and she does not have the money to do it. the only ones that survived were the ones built on higher stilts, which is why we need resiliency. for now, she is living in fema housing until december. she does not know where she will be after that. she is depending on friends and family. she has a remarkably positive attitude despite it all, which is why new jersey will come back stronger than ever. but if we do not have a robust program, the funding for her to rebuild will not be there. i would like to share these images from union beach, new jersey, where homes, cars, and people's very lives were destroyed. sandy was one of the largest transportation disasters in history. new jersey transit suffer damage to all 12 of its rail lines. miles of track were washed out. hundreds of cars and locomotives were submerged, some suffering irreparable damage. the system that carries 77 million people betwe
of a strike at the nation's busiest port. clerical workers at the ports of los angeles and long beach set up picket lines last tuesday. they have been trying to negotiate a new contract for 2.5 years. they are also claiming their jobs are being outsourced out of the state and across the pacific ocean. now officials at the port deny that charge. the list of the dock workers are not crossing the picket lines and say the strike is costing the port as much as $1 billion every day. >>> major development on treasure island is moving forward. they now have until the end of the month to choose a new home to make way for the development. $1.5billion project includes up to 8,000 new homes along with new commercial and office space. there have been obstacles including financing and concerns over toxic waste on the island. developers hope to break ground by 2014. >>> heavy rain caused major flooding at a mobile home park. that happened early yesterday morning at newels mobile city. a creek that surrounds the mobile home park overflowed causing the flooding. some of the homes in the path of the flood wer
was the majority leader. his wife elizabeth dole and he left the port and republicans voted down the street. he was recently released from walter reed military center. now an independent caller from ohio, lee. caller: good morning. i am calling about something i have not heard about. people willing to take the $15 or $20 extra they're getting from the to% tax break, it is coming off their pension when they retire. social security is based on what you contribute. host: you are talking about the payroll tax cut, extending that possibly as part of the fiscal cliff negotiations. caller: right. it will cost them in the long run. host: because the money is coming out of social security. politicians say that will not happen. they say social security will have its money. caller: they tell you all kinds of things. host: john in atlanta, democratic caller. caller: how are you? it seems like it is open phones. i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you thi
news tonight for the ports up and down the east coast in the retailers to depend on them. the possible strike that could a crippled the cargo economy will not happen for at least another 30 days. 11 news has been keeping an eye on the negotiations. federal mediators say that the union has agreed to extend their contract until at least midnight january 28th. the work stoppage would have idled shipments of a huge range of consumer products from electronics to clothing. now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says
. >>> your time now 6:45. this is day seven of a strike of the nation's busiest port. clerical workers started picketing last tuesday. they say they have been trying to negotiate a new contract for 2.5 years. they're also claiming their jobs are being shipped out of state and overseas. port officials deny that. most dock workers are not crossing the picket lines and the shippers say this strike is costing the port as much as $1 billion every day. major development project is moving forward. now have 2348 the end of the month to choose a new home. the project includes up to 8,000 new homes along with new commercial and office space. there have been obstacles including financing, also concerns about toxic waste on the island. >>> attorneys for oscar grants family -- grant was shot and killed by bart police officer johan necessary mehserle on the platform of the fruitvale station. at 9:00 this morning two oakland civil rights ordinary reasons to will argue before the ninth circuit court of appeals in san francisco that bart police officers should not receive legal immunity against civil s
this on their own without some help. the only port they have, they have one port, which is sanctioned in terms of the sea travel in and out of the port and any part for the missiles would have come through china which is north korea's only friend and, then, the voice of america reported this week that an iranian team had been seen in north korea in recent days and there is some presumption that, in fact, iranians may have helped them. this is the first successful long-range rocket this year. earlier in april it was not successful. certainly, all eyes are on iran in weres of the role it my have played. >>shepard: thank you. we have used a carrot and stick approach with north korea over the years. it doesn't really seem to have made were of a difference. we will look at the diplomatic efforts with the former away bill richardson who has lots of experience dealing with north korea. and 100 countries throwing their support behind the syrian rebels . so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they'r
. the of the driver was transported to johnriuir hot medical center with a broken arm wrist and conc>> the port of oakland is kremlin to change its spending policies and plans to launch a search for new executive after a scandal over spending in it with the retirement of its top two executives. >> the shake-up comes at a crucial time for the poor as it begins and expansion of facing an uncertain global economy. >> support to new directors put in new spending policies in place and moving forward on a project to expand rail capacity to the port. >> and a 35 a. rail yard is expected to bow to the ports import business by making it easier for imports move cargo from the port to interior parts of the country. >> santa rosa police are investigating the death of an oral elderly woman was found floating upon a condo complex data christmas party. >> kron fours up alicai reid spoke to the president made the course of discovery. >>-test to the residents >> we called 911 instead of trying to get the body out. >> the wois woman did not want to show their faces on camera. to people realized that was their ne
: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming video service on christmas eve and into christmas day. netflix says it worked through the night with engineers at amazon to get the service back up and running. netflix shares rebounded today, rising almost 2%, while amazon shares fell nearly 4%. >> susie: amazon was just one of many stocks in the red today. as we mentioned earlier, stocks were dragged lower by the retail sector after a report showed consumers did no
a billion dollars a day to the local economy. the two ports l.a. and long beach support 1.2 million southern california jobs. and they are the main gateway in the trade with asia in the weeks before christmas. they handle 47% of the container exports. >> reporter: if you split the ports apart. the la-long beach ports, they would be 1 and 2. together they are the largest. this has been going on for one week. 800 clerical workers walked on the line. 10,000 longshoremen won't cross that line. this port is 90% shut down. if you look behind me in the haze and fog you will see some container ships in port. just after shore you will see one of the many, up to 20 we are told that are just sitting out there. some of them have produce that could be spoiling as we speak. that can't get in here and it can't go out. so exports haved as well. you will see trucks lined up. the mayor says both sides have agreed to a federal mediator. he spoke to the media in the last hour. take a listen. >> we met all night. we have worked across the table with a number of proposals. it is still clear to me that we are some
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
company. the tanker left a port in northern norway early last month. it then sailed through the arctic ocean along the russian coast and through the bearing strait. the route opened up as ice melted due to global warming. the distance is two-thirds that of the regular path which passes through the suez canal in egypt. the arctic route will enable japan to increase it's lgm imports and diversify it's lgm imports, cutting the energy dependence on the middle east, but challenges remain, including cost problems. it have russian government is making it a requirement for tankers that follow that route to use russian ice breakers. it's not only natural gas, the japanese are looking to other energy sources to replace nuclear power after last year's nuclear disaster. an exhibition featuring the latest using solar powered technology has begun near tokyo. about 200 companies are taking part from japan, china and germany and several other countries. demand is growing in japan has power companies are now required to purchase renewable energy. but japanese solar makers lag behind overseas competitor
port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies met a number of times until 2006 to manipulate prices of cathode ray tubes, a component used at the time in
of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c
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